BREAKING NEWS Stay at home order issued for Alabama to fight coronavirus Full Story
BREAKING NEWS WATCH LIVE: Gov. Kay Ivey gives update on coronavirus in Alabama Full Story
STREAMING NOW: Watch Now

Family Dollar will close nearly 400 stores

Article Image

Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.Family Do...

Posted: Mar 6, 2019 9:45 AM

Family Dollar will close 390 stores this year and make big changes to the stores it is keeping open as the discount chain seeks a turnaround.

Family Dollar sells a variety of items for under $10 at rural and urban locations. Dollar Tree bought the company in 2015. But Family Dollar has struggled, and Dollar Tree is under heavy pressure from an activist investor to sell or revitalize the ailing line.

Dollar Tree, which sells everything for $1 and caters more to mid-income customers with suburban stores, has a plan for Family Dollar: Close stores, re-brand some locations as Dollar Tree, and renovate others with $1 Dollar Tree merchandise sections.

"We are confident we are taking the appropriate steps to reposition our Family Dollar brand," Dollar Tree CEO Gary Philbin said in a news release Wednesday.

This is a developing story.

Article Comments

Huntsville
Scattered Clouds
74° wxIcon
Hi: 76° Lo: 50°
Feels Like: 74°
Florence
Clear
76° wxIcon
Hi: 77° Lo: 52°
Feels Like: 76°
Fayetteville
Clear
73° wxIcon
Hi: 74° Lo: 50°
Feels Like: 73°
Decatur
Clear
73° wxIcon
Hi: 73° Lo: 50°
Feels Like: 73°
Scottsboro
Clear
77° wxIcon
Hi: 76° Lo: 51°
Feels Like: 77°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

 

 

Community Events